Monthly Archives: January 2016

Change the record, please

Posted on January 29, 2016 by Susan Grossey author

From time to time I have a rant about the bad rap that AML gets, and today’s another one of those. Allow me to present two pieces of evidence. A fortnight ago I found a wallet on a bench in … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, due diligence, financial crime, legislation, ML Regulations, money laundering, training | 5 Comments

Handing over the report card

Posted on January 26, 2016 by Susan Grossey author

A couple of weeks ago a rather intriguing story hit the press, revealing that HSBC is trying to stop publication of a report on its AML effectiveness. When the bank was hauled over the coals by the US authorities in … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, due diligence, financial crime, government, HSBC, proceeds of crime, white collar crime, writing | 2 Comments

Hints from Holmes

Posted on January 21, 2016 by Susan Grossey author

One of the anticipated highlights of my Christmas telly viewing was the new episode of “Sherlock”. As it turns out, it was a huge disappointment – with all the time-travelling, I had no idea what was going on and soon, … Continue reading →

Posted in AML, Due diligence, Uncategorized | Tagged AML, due diligence, financial crime, MLRO, money laundering, research, training | 5 Comments

You say potato

Posted on January 18, 2016 by Susan Grossey author

As anyone who knows me will tell you, I am a big fan of “Poldark”. No, not the ridiculous chest-baring modern remake, but the 1970s original with Robin Ellis (who did his scything fully clothed, as any gentleman of his … Continue reading →

Posted in AML, Due diligence, Money laundering, Uncategorized | Tagged AML, communication, due diligence, financial crime, money laundering, organised crime, proceeds of crime, tax evasion | Leave a comment

More or less?

Posted on January 15, 2016 by Susan Grossey author

This morning’s post is going to wax rather philosophical, so you should either (a) stop reading now, if you’re not given to such ponderings, or (b) get an extra chocolate biscuit for your elevenses to prolong the ponderings. It all … Continue reading →

Posted in AML, General thoughts, Money laundering | Tagged AML, financial crime, money laundering, organised crime, research, training, white collar crime | 9 Comments

Dear Launderer?

Posted on January 12, 2016 by Susan Grossey author

Last week saw the 33rd birthday of Kim Jung-un, Dear Leader of North Korea. (I’m not sure whether anyone else in North Korea was allowed to celebrate a birthday on 8 January; I mention it only because in December 2014 … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, Financial Action Task Force, government, legislation, money laundering, North Korea, PEP, research | 1 Comment

The art of money laundering

Posted on January 7, 2016 by Susan Grossey author

“More money than sense” is how my grandma would have described Jocelyn Wildenstein, the ex-wife of the late Alec Wildenstein who is described by Wikipedia as “a billionaire French businessman, art dealer, racehorse owner and breeder”. Jocelyn is most famous for … Continue reading →

Posted in Due diligence, Money laundering | Tagged AML, due diligence, financial crime, PEP, proceeds of crime, tax evasion, white collar crime | Leave a comment

Prevention is better than cure

Posted on January 4, 2016 by Susan Grossey author

Like many people, I used the “Crimbo limbo” (period between Christmas and new year) to do a bit of sorting, tidying, sifting and chucking. And as I went through the thousands of photos that I took in 2015, I came … Continue reading →